- Pudgy Penguins NFT collection’s trading volume surged by 530% recently.
- The project raised $9 million in funding by May 2023.
- Lil Pudgy Penguins NFT’s floor price reached a record $788.
The Pudgy Penguins NFT collection has recently seen a significant surge in its trading volume. The collection, hosted on the Ethereum blockchain, comprises 8,888 distinct NFTs. In the last 24 hours, the trading volume of the Pudgy Penguins NFT collection has experienced an impressive increase of 530%.
During the 2021 bull market, the Pudgy Penguins NFT collection experienced a significant increase in value, followed by substantial price fluctuations until April 2022. At that time, a serial entrepreneur, Luca Netz, purchased the project IP for an impressive $2.5 million. As of May 2023, the project has made considerable progress and has successfully raised a substantial $9 million in funding.
Good News for Collectors
The Pudgy Penguins Toy Collection, recently launched in over 2,000 Walmart stores, is rapidly gaining traction as one of the most sought-after NFT collections in the cryptocurrency market. Since its inception earlier this week, Pudgy Penguins has seen over $400 million in transactions. Given the current downturn in the NFT market, the recent surge in Pudgy Penguin prices could benefit collectors of Pudgy World collections.
The Lil Pudgy Penguins NFT, an extension of the Pudgy Penguins NFT collection, experienced a substantial increase in its floor price, reaching a record high of $788 (0.48 ETH) earlier this week. The Lil Pudgy Penguins NFT collection comprises a total of 22,222 NFTs. Ownership of a Lil Pudgy Penguin NFT confers the same benefits and access as the larger Pudgy Penguins NFTs.
